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HomeCryptoDogecoin can dive before weighing down 400% - Analyst

Dogecoin can dive before weighing down 400% – Analyst

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Dogecoin is still capped at $ 0.15 with its price exchange $ 0.158, Having decreased by 0.35% in 24 hours and 2.02% last week.

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Various attempts to unravel the key levels have been unsuccessful, the prices going as low as $ 0.149 before recovering slightly. Market observers indicate that these short -term setbacks could be a prelude to monumental price oscillations in both directions.

Possible 40% fall before the huge rally

A new analysis published on TradingView by Swallowacademy indicates that Dogecoin could see a spectacular drop before any significant price increase. The analyst examined the action of DOGE prices compared to TETH (USDT) on daily graphics, where the same part is known to be extremely volatile.

Dogecoin could dive before climbing, according to Swallowacademy.

Their plots indicate a sudden peak at the beginning of 2024 followed by a drop in peaks of approximately $ 0.23, then another slide to $ 0.09 in the middle of the year before recovering above $ 0.45.

Swallowacademy thinks that the same trend can develop in 2025. However, their prediction is that Mastiff Can decrease by 40% to around $ 0.09, creating a front support area, possibly, arrows 400% to $ 0.45. The price amounts to more than $ 0.15 currently, and the analyst is held for the decreased at $ 0.09.

The “false break” model – what it means

An autonomous analysis of Trader Tardigrade indicates the first “False break” Since December 2024. Cryptocurrency has generally traced a downward trend in the lower ups and lower stockings, which are common lower market indicators. After falling at $ 0.13 on April 7, however, the price bouncing briefly before decreasing once again.

DOGE is currently negotiated at $ 0.15. Chart: Tradingview

Delay late is read as a “false breakdown” – potentially indicating the end of the downward trend. With the prices remaining above the support line for a few days, this model may indicate an imminent bullish reversal. Based on their analysis, Dogecoin can target $ 0.42 if the overthrow occurs.

DOGECOIN Contests Behavior

Intothebloc statistics show the spokesperson’s behavior trends that are different. Long -term holders (over a year) lost 2.65% last month. The mandate in mid-term, or “cruisers”, as they were labeled by the report, which hold their documents for one and twelve months, lost even more than 12%.

On the other hand, short -term holders who have held for less than a month increased by 107%. This realignment is an indicator of the increase in speculative demand as opposed to long -term confidence, possibly resulting in an increase in price volatility in the short term.

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Large holders show growing interest

Despite the contradictory signals of general users, major holders seem to be more and more interested in Dogecoin. Statistics indicate a constant increase in the big holders’ entries – up 5.30% last week and 324% in the last month.

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